The First Step in Creating and Identifying Opportunities Is Idea

question 25

True/False

The first step in creating and identifying opportunities is idea generation; the more ideas generated, the more opportunities that are likely to be identified.

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Definitions:

After-Tax Distribution

The process of allocating income or assets to various recipients after all applicable taxes have been deducted.

Before-Tax Distribution

The allocation of income or wealth in a society before the effects of taxes are taken into account.

Progressive Income Tax

A tax system in which the rate of taxation increases as the taxable amount or income increases, making it more proportionately burdensome for wealthier individuals.

Higher Income

A level of earnings or revenue that is above average or an increase in financial earnings.